American home mortgage liquidating trust
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The information presented below has been prepared by Ambac Assurance.
In any case, listening to millions of disgruntled homeowners would be a bankruptcy judge’s worse nightmare. Carey, United States Bankruptcy Judge for the District of Delaware, 824 N.As we posted in the Court recognized that that securitized loans didn’t really belong to the estate and Judge Carey surely didn’t want millions of homeowners whining in his court about the frauds committed by New Century.Imagine endless days, turning into years, of motions for relief from automatic stay and adversary proceedings by homeowners who were duped by another fly-by-night mortgage company. King Street, Room 2207, Lockbox 35, Wilmington, Delaware 19801 (Attn: Mark Kenney, Esq.) In addition, if you have timely filed a written response and wish to oppose the Motion, on the Motion scheduled to be held on March 7, 2013 at a.m.This information is provided solely to assist analysts and others in gaining a better understanding of Ambac Assurance's Consumer Asset-Backed Group's financial guarantee exposure*.Internal Ambac credit ratings are provided solely to indicate the underlying credit quality of guaranteed obligations based on the view of Ambac Assurance.For a complete listing of exposures allocated to the segregated account please refer to
Berman has worked on a wide array of litigation, arbitration and mediation matters, including claims alleging accounting fraud and malpractice, bankruptcy litigation, securities fraud, breach of contract, tender offer and proxy fight litigation, breach of fiduciary duty, real estate, intellectual property, trusts and estates, and civil rights. Berman has extensive experience with accounting matters, including those relating to mortgage, banking and insurance companies.He helped obtain a successful settlement for Cigna in a post-closing dispute over representations and warranties concerning an insurance subsidiary it sold and North Fork Bancorporation, Inc.in a contract dispute with another bank over the sale of car loans.On April 2, 2007, New Century Financial Corporation and its related entities filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court, District of Delaware and is currently heard and administered by the Honorable Kevin J. With the filing of bankruptcy, New Century took down a list of affiliate / entities including New Century Mortgage Corporation, Home123 Corporation, New Century Mortgage Ventures, Midwest Home Mortgage, among a host of others.New Century was one of the largest subprime lenders in the boom times.He successfully argued in the New York State Court of Appeals over ownership of a security deposit.